EconomicsThe Little Book of Big Ideas: Economics contains the profiles and theories of 50 of the world's most eminent economists. From mercantilists through Keynesians to modern economic thought, this book gets behind 50 of the greatest minds and 10 core theories. Covering Hume, Smith and Marx, succinct biographies provide an insight into economists' personalities and reveal the outstanding contribution that each has made to this pervasive discipline. Essential concepts and themes have been expertly selected and complex issues are explained in their social, political and cultural context. |
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Page 27
Mathew Forstater. Physiocrats argued , took up as much value as inputs into production as it created in output , and consequently created no net product . Physiocrats viewed the production of goods and services as consumption of the ...
Mathew Forstater. Physiocrats argued , took up as much value as inputs into production as it created in output , and consequently created no net product . Physiocrats viewed the production of goods and services as consumption of the ...
Page 52
... production generates enough income to purchase the goods produced by that production process . This idea is not only true by definition , but is comparable to the national income accounting identity , which states that aggregate output ...
... production generates enough income to purchase the goods produced by that production process . This idea is not only true by definition , but is comparable to the national income accounting identity , which states that aggregate output ...
Page 122
... production . Input - output tables reveal the structure of industrial production in the economy , where outputs are also inputs , direct and indirect , into the production of other goods , and sometimes even inputs in their own production ...
... production . Input - output tables reveal the structure of industrial production in the economy , where outputs are also inputs , direct and indirect , into the production of other goods , and sometimes even inputs in their own production ...
Contents
Introduction by Professor James Rollo | 6 |
Ibn Khaldun 12 Thomas Mun | 14 |
John Locke 16 ECONOMICS AND | 20 |
Copyright | |
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accumulation Adam Smith aggregate demand agriculture anarchism argued Austrian Austrian School banking became behaviour Born business cycle Cantillon capital capitalist chartalist Classical Political Economy commodity consumers consumption contributions currency debt deficit determined Died distribution economic activity economic analysis economic growth economic theory economists effect emphasised England Importance exchange factors firms fiscal framework full employment gender government intervention Greenspan Hayek historical human Human Development Index ideas imperfect income individual industrial inequality inflation innovation institutions interest rates investment Jevons Keynes Keynesian Khaldun Kuznets labour Leontief macroeconomics Malthus marginal utility Marx Mercantilist monetary policy money supply Neoclassical economics Nobel Prize output and employment partial equilibrium perfect competition Physiocrats population growth production profit recognised result Ricardo Say's Law School of Economics Schumpeter sector social costs society spending Sraffa Stagflation Stiglitz subsistence surplus technological trade USA Importance Veblen wage Walras wealth welfare economics workers